The story of Jack Ma from failure to success

As a world-renowned internet entrepreneur, Jack Ma is a bad match. Until a certain age, he never saw a computer, never went to the porch of a famous school, and his home is half a world away from Silicon Valley. But Jack is the founding chairman of Alibaba Group, one of the richest people in the world! In fact, he is a shining example of how to turn failure into success !!

Mother was born in 1964, adolescence was full of poverty. His parents were singers and victims of Mao Zedong's cultural transformation program. The time has come when China is isolating itself from the outside world. But Jack's mother was against the idea. When the government and school are mad to teach maths, maths doesn’t get into Jack’s head; No one will teach him when he is interested in the outside world!

To address this stalemate, Ma continued to scour the city's largest hotel areas, seeking opportunities to speak English with foreigners. From the age of 12 to more than 6 years, the mother has done this not only to improve her language but also to give an idea about the cultural environment of the rest of the world.

Meanwhile, his father had no money, so Jack knew he had no choice but to do well in school. But to get a chance to enter the college, he has to go through an entrance exam which he does not want to pass. The first time Jack Mathews got 1 out of 120, the second-third time also failed and failed. There was no choice but to enroll in a low quality Hangzhou Teacher’s Institute.

Another failure story, not getting a job anywhere. Attempts at more than a dozen places failed, the most epic of which was at KFC. 25 people were interviewed for jobs, 24 were selected and one was left out. His name is Jack Ma!

However, after much effort he got a job, teaching English at a local university which he continued for a long time.

Mom discovered herself in 1995 when she traveled to the United States and saw for the first time in her life an Internet-enabled PC. With trembling hands, he searched the Yahoo portal for "beer" and "China" but found nothing. It was from here that the business idea came to my mother's head, which changed the business model not only of China but of the whole world.

This is the difference between you and me, Jack Ma. When we first search the internet, we search for stars like Terra Patrick and Jack Ma for the Alibaba Group.

However, the mother did not sit quietly, went down with a few thousand dollars of savings to make an online list of Chinese companies, easily caught the eye of the government and was given the responsibility to increase the government's online presence. After a few years, my mother quit her government job because she knew that what she had started was much bigger.

In 1999, he invited some friends to his house and pitched his Chinese ecommerce idea. Friends ate, raised ০০ 80,000 and Alibaba was born that night.

Simsim really opened up for Jack Ma, we found a company that shook the world. A man with an ugly face and a simple head that no one cared about one day became the father of ecommerce.

Jack Ma's inspiration is Forest Gump. Ordinary but open, not talented but when he does what he does with a clear mind, positive and honest. He wants to be like Forest Gump!

Jack's wife said of him, "Ma is not a handsome man, but I fell for him because he can do a lot of things handsome men cannot do." By the way, he did not talk about money here!

Alibaba's story is an inspiration to all. The beginning is very simple, a site where exporters can post their products for foreign buyers. Jack then started 1688.com, a domestic product buying and selling site. He started Taobao in 2003, which was the direct competitor of eBay. Then comes the payment processing system, a bank, cloud computing, mobile operating system and many more businesses! And so the value of Alibaba is now over 160 billion dollars !!

But Jack Ma told Alibaba ‘1,001 mistakes’. According to him, such a rapid expansion was a big mistake which was very risky. And there is only one reason to survive, and that is to always be positive. According to Jack, unless you give up, chances are! No matter how much everyone says 'no', you stick. And so when everyone calls Jack's mother 'Crazy Jack', he is rather happy and says, 'Pray that I can go crazy for another 30 years.'

Jack Marr's story at a glance:

Jack Ma is a Chinese entrepreneur who is currently the founder, former CEO, and current executive chairman of Alibaba, the world's largest online wholesale sales site. As of April 2019, his current net worth is. 40.1 billion! This immense wealth has made him one of the richest people in the world today.

Jack Ma is one of the few people in the recent history of the world who has contributed the most to bringing business to today's level.

Almost every year, Forbes Magazine lists him as one of the most powerful and influential people in the world. In 2016, Fortune Magazine ranked him 2nd in the list of the top 50 leaders in the world.

Jack Ma's Growing Up and Education:

Making a superhit movie with the life story of Jack Marr is not an issue. If you read from beginning to end, you will also accept.

"Jack Ma Yun" was born on October 15, 1964, in the city of Hangzhou in China's Xi'an Province to a poor family.

His parents were professional storytellers and musicians. Earning income in this profession would not be too much. Eun, the second mother of two brothers and one sister, will be such a big business magnet - one would have thought.

 [Little Jack Ma with mother ‘Chui Wenchai’ and father ‘Ma-Lifa’] His first passion as a child was English. At that age he realized that there was no alternative to learning English to change the situation. He worked as a free guide for English-speaking tourists to the Hang-Chao International Hotel, in exchange for English language lessons!

For 9 years he cycled 60 miles around the tourist area, just to learn English!

This is how he became friends with a tourist at one stage. That person named Ma Yun ‘Jack Ma’. Because the Chinese name was difficult for the English to pronounce.

Unlike Elon Musk or Barack Obama, Jack's mother was not a good student. In China, college entrance exams are held only once a year. All colleges had exams at the same time, and it took Jack Marr 4 years to pass the exams and get a chance at college.

He graduated from the English Department of the Hang-Chao Teachers' Institute (now Hang-Chao Normal University) in 196 with a BA degree.

He graduated in 2008 with a degree in business education from the Cheung-Kong Graduate School of Business in Beijing.

Failure:

Before Alibaba, Jack Ma was truly a complete failure. After failing 4 times and entering the college, when he passed out, he felt the failure again. It's the saddest, but strongest part of Jack Marr's life story.

Before joining Hang-Chao Dianji University as an English lecturer, he tried for 30 jobs, but failed in each.

In an interview on an American talk show, Jack's mother said: "When I applied for a police job, 9 out of 10 people got a job; I was told, ‘You are not fit’. - When KFC came to my town, we applied for 24 jobs. With 23 jobs, I dropped out. - I applied to Harvard University 10 times and was rejected. Then I thought, 'Maybe one day I'll give a lecture at Harvard.'

In another interview, Jack said, "When we started 'Taobao' in 2003, everyone on my team was told to go home and bring four things to sell. Most of us can't find 4 things to sell at home. Because we were very poor financially. ”



Alibaba but Jack Marr is not the first business. He had previously started two businesses. And neither has had much success. He will know the story in the next part.

Introduction to the Internet:

Jack's mother enjoyed his job as an English teacher. But the salary was very low. Only 12 dollars a month! Nothing can be done with this meager salary.

His aim was to get out of poverty. There was a desire to get out of poverty even after studying so hard. But after finishing his studies and getting a respectable job, his financial situation remained bad.

Jack Marr once thought that he could start a business using his knowledge of English. In the early 90's, he opened his own translation agency. He used to translate various things from Chinese to English, and from English to Chinese in exchange for money. Sometimes he also worked as an interpreter.



He went to America in 1995 with the job of an interpreter. A year ago, he first learned about the Internet. He first saw the Internet with his own eyes after moving to America, and the subject impressed him greatly.

It's hard to believe that the founder-owner of one of the largest Internet-based businesses in the world today became acquainted with the Internet in his 30s.

The first word Jack Ma searched on the Internet was "beer". Although several companies from different countries searched for beer, no Chinese company was there. Although good beer was made in China. Besides, he searched for more about China, but nothing was found. The subject made Jack's mother very worried. And since then he has been thinking of doing business using the internet.

He knew nothing about the Internet. He didn't even know how to run a computer well. But he realized that this would one day rewrite the history of the world.

Jack Marr Business History and Career:

Before Alibaba:

Unable to find much information about China using the Internet for the first time, Jack opened a China-related website with the help of his American friends.

The website launched at 9:40 a.m., and by 12:30 p.m., several Chinese businessmen e-mailed to talk to him! Jack Ma immediately realized that starting a business can be done with the internet.

In April 1995, Jack Ma, his wife Kathy Zhang, and a few of his friends and family started their first company with 20,000. This company called "China Pages" used to make websites for various Chinese companies in exchange for money.



Jack's mother enlisted the help of his American friends to run the company. Communications with Chinese companies, contracts - etc., he saw for himself.

At a conference in 2010, Jack Ma said that he had never written a single line of code (program) in his life. He first bought a computer for himself at the age of 33.

In another interview, he said, "The first day we connected to the web, I invited my friends and some TV journalists. I turned on the internet by setting up a dial up connection that was very slow. It took 3 and a half hours for the page to be half loaded. We spent this time eating and gossiping. - But I was very proud. I proved to them that the Internet really has something to say! ”

After running the China Pages company for 3 years, they have a capital of ৮ 600,000. Then Jack Marr's life story takes a new turn.

Alibaba Chapter:

From 1997 to 1999, Jack Ma worked as the head of an IT company under China's Ministry of Foreign Trade.

He quit his job in 1999 and returned to his hometown of Hangzhou, where he and 16 friends set up Alibaba, an online wholesale retailer.

Speaking about the history of Alibaba's naming, Jack Ma said:

"At the beginning, I thought that since the internet is a global thing, the name of our organization should be global, as well as the name should be easily recognizable. The name Yahoo was the best at the time - I've been trying to figure out a name for a long time. Then all of a sudden I thought the name Alibaba might be better.

Luckily, I was having lunch at a restaurant in San Francisco when the thought came to mind. When the waitress came to serve the food, I asked her if she knew Alibaba. She said she knew. I asked, what is Alibaba? - He said "Chiching fuck"! - Great!

On the street, I asked about 20 people about Alibaba. Everyone knows Alibaba, the 40 thieves and their hidden treasures. I figured it could be a really cool name. In fact, everyone can hold and remember it at once, and the name starts with "A".

Twice in October 1999 and January 2000, Alibaba received a total investment of 25 million US dollars.

The purpose of their plan was to develop China's internal e-commerce market. And at the same time, to help China's small and cottage industries to compete in the international market.



In 2003, Jack Ma founded Taobao Marketplace, Ali-Pay, Ali Mama, and Lynx in the form of eBay to improve the international e-commerce system.

These initiatives were seen as insanity at the time. No one thinks that Jack Ma will succeed in every venture. At the time, a magazine called him "Crazy Jack" or "Crazy Jack".

But in a short time, Taobao has become a very successful e-commerce site. Because of this success, eBay wanted to buy Taobao for a huge sum of money, but Jack Ma turned down the offer, and instead received a ১ 1 billion investment from Yahoo co-founder Jerry Young.

Taobao Marketplace is currently the number one e-commerce website in the world. And the eighth most visited website in the world. According to the 2017 Alexa Report, an average of 61.6 million people use the site every month.

Ali Pay (now Ant Financial) is the most expensive ‘Fintech’ or financial technology company in the world, with a current market value of বিল 150 billion! - It was Ali-Pay's idea that made Jack Ma crazy. It is currently the largest mobile and online payment platform in the world.

Alibaba issued an IPO on the New York Stock Exchange in September 2014. Through this they get 25 billion US dollars investment! This is the highest IPO event in the history of American economics - which no American company has ever done.

Jack Ma is currently the executive chairman of Alibaba Group. There are a total of 9 big companies under Alibaba Group.

In 2016, the mother met with US President Donald Trump and promised to create 1 million jobs in the US market.



On September 10, 2016, he announced that he would retire from Alibaba within a year and focus on education and humanitarian work.

Earlier, he voluntarily retired from the post of CEO of Alibaba and became its executive chairman. According to Jack Marr, every successful person should focus on human service and newcomers after the age of 50.

Personal life:

Like Steve Jobs, Jack's mother likes to keep his family and personal life out of the media. Not much is known about the internal affairs of his family.

As a student, Jack Marr became acquainted with Kathy Zhang. Later they got married. Jack always acknowledges Kathy's contribution to Jack Marr's success.

At 5 feet 5 inches tall, Jack is not handsome at all. Jack was a failed man at the time of his acquaintance with Kathy. But still Cathy falls in love with Jack. Cathy later said: “It's just that he's not handsome. But there was, or is, something in him that I have never found in any other man. "

How much secrecy Jack maintains about his family is that the names of his other two children have been kept secret for a long time, except for his son Yuankun or Jerry's mother, who was born in 1992. Although the name of his second child (daughter) mother Yuanbao has been known recently, the name of his 3rd child is still unknown!

Jerry's mother graduated from Berkeley University in California. Besides, not much was known about him.

However, for several years after the birth, Jerry's parents almost never got close to him. Jack and Kathy were both very busy with Alibaba, and Jerry was kept in the day care center five days a week. Jerry became addicted to video games at one point. Extreme antisociality occurs in its use. Jack then asked Kathy to step down as Alibaba's general manager and focus on caring for the children. Although she did not agree at first, Kathy stepped down, thinking of her children.

Awards and Recognitions:

As a successful entrepreneur, philanthropist, leader, Jack Ma has received many awards and recognitions throughout his life for his contributions to business and humanity. Here are some of the key ones:

# In 2004, Chinese national television named him one of the top 10 economists of the year. This was his first major recognition.

# In 2005 the World Economic Forum selected him as a young international leader.

# In 2005, for the first time, he was listed as one of the 25 most powerful businessmen in the world.